How to Make Money Online With Sports Betting

Earn Money Betting On Sports

When it comes to ways to make money betting on sports, there's a system that can actually work in the long run. There are lots of sites that provide you with tips on how to make money through sports betting.

The reality is that most of them have you looking in the wrong direction. Some of the common speculative strategies are decent to consider. However, we don't like to focus on speculation. In this guide, we focus on techniques that the betting sites don't want you to hear! Forget the rumors – we have the facts based on math and probability.

Read More
Best Sportsbook
Best Sportsbook

Compare the best sports betting sites for 2022

Our Top Picks
Edit Location
Reset
Features
Bonus Type
Reset
Show More Filters ↓
99/100
Rating
BetRivers.com Bonus
100% up to $500
BetRivers.com Highlights
  • Excellent range of sports
  • Competitive odds
  • Live streaming is available
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Bank Transfer
VIP Preferred
100% up to
$500
BetRivers.com Review
***** Visit Site
99/100
Rating
Caesars Bonus
100% up to $1250
Caesars Highlights
  • Full Caesar promo
  • Great value deal
  • Awesome sportsbook bonus
Accepts Players in:
Virginia
Virginia
Credit Card
E-Check
PayNearMe
Skrill
100% up to
$1250
Caesars Review
***** Visit Site
98/100
Rating
BetMGM Bonus
100% up to $1000
BetMGM Highlights
  • Hundreds of betting markets for major events
  • Live streaming offered
  • Competitive odds
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Skrill
PayPal
100% up to
$1000
BetMGM Review
***** Visit Site
97/100
Rating
FanDuel Bonus
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
FanDuel Highlights
  • Extensive range of sports
  • Competitive odds
  • Speedy sportsbook platform
Accepts Players in:
Virginia
Virginia
Credit Card
Prepaid Card
PayNearMe
PayPal
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
FanDuel Review
***** Visit Site
97/100
Rating
WynnBET Bonus
Bet $100 Get $100
WynnBET Highlights
  • Multi-sport parlay bonuses
  • Action-packed live bets
  • NFL-approved online sportsbook
Accepts Players in:
Virginia
Virginia
Credit Card
Visa
Mastercard
Bet $100 Get $100
+ Bet $10 Get $10 Casino Bonus
WynnBET Review
***** Visit Site
96/100
Rating
Unibet Bonus
100% up to $100
Unibet Highlights
  • The bonus grants up to $600 after loss (state-dependent)
  • Qualifying bet only $10
  • No promo code needed for offer
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Skrill
Neteller
100% up to
$100
Unibet Review
***** Visit Site
96/100
Rating
DraftKings Bonus
20% up to $1000
DraftKings Highlights
  • Diverse sports book
  • Generous promotions
  • User-friendly betting platform
Accepts Players in:
Virginia
Virginia
Credit Card
Skrill
PayPal
Neteller
20% up to
$1000
DraftKings Review
***** Visit Site
90/100
Rating
SI Sportsbook Bonus
BET $20 GET $100 IN FREE BETS
SI Sportsbook Highlights
  • Up to $300 in free bets
  • $10 free bet for each of your first 30 bets
  • Free bet tokens have no minimum odds
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Bank Transfer
Play+
BET $20 GET $100 IN FREE BETS
SI Sportsbook Review
***** Visit Site
Rating
Barstool Bonus
up to $10
Barstool Highlights
  • $10 sign up bonus
  • No deposit required
  • Available in 12 US states
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
PayPal
Play+
up to
$10

Our essential tips to help you make money with sports betting

When people bet on sports, most bettors have their own approach. The bettors who don't follow a specific strategy to make money betting on football or other sports are usually betting for entertainment purposes only. These kinds of players see profits as a bonus. While this is great for some, others play with the intention of winning. These players are in it to win it, and they're willing to go the extra mile to learn every way to make money through sports betting. If this is you, you're in the right place. The following online betting guide can be used to help you reach your money-making goals at online sportsbooks. Use this guide to learn how to make money betting on sports.

Start by choosing the right online sportsbook for you

First things first, you need to start by choosing the right online sportsbook to play at. You shouldn’t rush this process as there are lots to consider. You should ask yourself whether or not you value different features like live betting and streaming. Most importantly, you're only good to go if the sportsbook is licensed in your region!

Understand the expected value

Can you make a living betting on sports? The only way to make this possible is to understand the top sports betting expert picks like expected value or EV. So what exactly is the expected value in online sports betting? Let us break it down for you. Expected value is a common term used by professional sports bettors and those who are serious about learning how to make a living sports betting. Let's pretend that we decide to bet on a simple coin toss. We toss the coin and if it lands on tails, you give me $10. Meanwhile, if the coin lands on heads, I will give you $10. It doesn't matter how many times we flip the coin – neither one of us will ever have a mathematical advantage or probability of winning over the other.

We could spend the rest of eternity flipping coins and no one would have a betting guaranteed win or a real advantage. The reason for this is simply that both of us will win or lose 50% of the time. While there will almost certainly be fluctuations between who's winning in the short term, the results will level out in the long run. Basically, if we flip the coin over long periods of time and keep repeating the same bet, we will both break even eventually.

How +EV betting can be used to make money betting on sports

Of course, there's pretty much no point wasting your time with these kinds of bets mentioned above. Instead, you want to ensure that you use the best betting strategy to give you a mathematical advantage, even if this advantage is minimal. So let's pretend that you decide to stop playing the coin toss competition, so I tempt you to continue by offering a better deal. This new offer gives you $11 for tails and $10 for heads. Although this is a slight change; what happens now is that you will lose $10 half of the time, and win $11 half of the time, on average.

So if we flip the coin 100 times, you should have an average of 50 losses of $10 ($500) and 50 wins of $110 ($550). As a result, this gives you a positive expected value of $50 and me a negative expected value of $50. Whenever you place a bet on sports, you'll either have a positive or negative expected value. In some cases, there is also a neutral expected value. So when it comes to how to make money betting on sports, it all boils down to finding bets with positive expected values and avoiding the ones with negative expected values.

Awesome betting bonuses

100% up to
$500
Bonus Code
******
BetRivers.com Bonus Code
***** Get Bonus
Bonus Details
Type:
Risk-Free Bet
Cashable:
yes
Requirements (WR):
-
100% up to
$1250
Bonus Code
******
Caesars Bonus Code
***** Get Bonus
Bonus Details
Type:
Risk-Free Bet
Cashable:
no
Requirements (WR):
1x Deposit
100% up to
$1000
Bonus Code
******
BetMGM Bonus Code
***** Get Bonus
Bonus Details
Type:
Risk-Free Bet
Cashable:
no
Requirements (WR):
1x Bonus
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
Bonus Code
******
FanDuel Bonus Code
***** Get Bonus
Bonus Details
Type:
Welcome Bonus
Cashable:
no
Requirements (WR):
-
Bet $100 Get $100
+ Bet $10 Get $10 Casino Bonus
Bonus Code
******
WynnBET Bonus Code
***** Get Bonus
Bonus Details
Type:
Free Bet
Cashable:
no
Requirements (WR):
-

How to make money through sports betting – the dos and don’ts

Looking for a positive expected value (+EV) in online sports betting means that you need to find odds and lines that are “mispriced”. Even though you will benefit from higher margins compared to arbitrage betting, there will be some variance. With that in mind, you need to be patient and accept that there will be both good and bad days. If you're serious about learning how to make money with sports betting through long-term betting strategies, +EV betting is the holy grail.

In the long run, +EV betting gives you a mathematical advantage when it comes to how to make money online, so winnings are expected. When it comes to profitable betting opportunities, the concept of +EV betting gives you the best chance of winning by using mathematics and probability to ensure that you only bet on odds and lines that are mispriced. This is exactly how you can gain an edge over the house. With all of that being said, +EV betting is by no means foolproof or a get-rich-quick scheme. There are still dos and don'ts to be aware of.

Do: extensive research

If you're wondering how to make money with sports betting, you need to be willing to carry out research on a regular basis. There are simply too many moving parts in the online sports betting world for you to not pay attention to the ins and outs. Extensive research both pre- and post-match is the foundation of becoming a victorious sports bettor. In terms of research, you need to stay up to date with the latest news and updates surrounding particular games and competitions. This is what separates the casuals from the pros, so don't be half-hearted with your research.

Don't: bet more than you can lose

This is one of the most basic fundamentals when it comes to sports betting. However, when you think you have a foolproof strategy, this is where even the most experienced players can easily lose sight of the basics. It's not uncommon for players to discover +EV betting and begin to play irrationally. If you really think it's not possible to lose, how do you think the sportsbooks continue to remain so profitable? Losing is part of the game. If you can't afford to stomach the volatility that's part and parcel of +EV betting, this may not be the betting strategy for you.

Do: keep track of your spending

Billy Walters is famous for winning over $300 million from sports betting. This kind of success is incredibly unlikely to happen without money management skills. The same is true for virtually all successful sports bettors and professionals. If you're looking for consistent growth, you need to make sure that you are careful with your spending and set budgets. The aim of the game is to bet as little as possible while being in with the chance of winning the biggest returns. The general advice from experts and professionals is to be consistent with your betting frequency and intensity.

Don't: set yourself unrealistic goals

The ones who know how to make money with profitable betting are aware that it's no easy feat. To beat the house: you need patience and discipline. It's important to be realistic with your expectations and not lose sight of the fundamentals. Having unrealistic expectations will only get you so far, and will usually lead to disappointment. Sports betting for profit isn’t a strategy for people who lack patience or discipline. We suggest that you need to be calculated, disciplined, and stoic to succeed. You need to be aware that most of the success stories don't show the other side to the story, where these players have had to endure losses for a prolonged duration of time before getting their hands on any significant profits.

Do: keep an eye out for the best odds and lines

Don’t get comfortable and settle for the first sports betting site that you stumble across. Again, take the time to do research and explore all of the different betting deals available to you. There is no need to rush; the more detailed you are in your selection process, the better. This is how you find the hidden gems with the very best odds and lines for a particular game or competition. Odds and lines can vary widely between sportsbooks, so it's always worth comparing the different odds, lines, and features before placing your bets. A site with generous odds and lines and positive expected values is exactly what you should be looking for.

Don't: settle for anything less than a world-class sportsbook

There are hundreds of online sports betting sites available these days. All of which are offering a great selection of betting markets and odds/lines. So if you're ever displeased with the service you receive at a particular sportsbook, don't hesitate to look elsewhere! At the end of the day, online sportsbooks are businesses. The more competition there is, the more they try to outperform one another. The best way for online sportsbooks to compete these days is to offer the best odds, lines, and bonuses. And that's exactly where you have the best chance to make money betting on sports.

Conclusion – you're ready to try and make money betting on sports!

So, that's really the basics of how to make money betting on sports. Now it's up to you to put these tips to good use! As a sports bettor, it's important to put yourself in situations where you have a positive expected value (+EV). When you continue to do this over time, you are increasing your chances of winning. When you thoroughly understand +EV betting and the laws of large numbers, all that's really required is discipline and patience to be in with a great chance of being successful. You can build upon this information by doing more research or go ahead and use these tried and tested ways how to make a living betting on sports at any of the top recommended sites in your region.

Top sports betting sites for 2022

99/100
Rating
Credit Card
Virginia (US) Lottery Board
100% up to
$500
BetRivers.com Sports Bonus
100% up to $500
BetRivers.com Review
***** Visit Site
Highlights
  • Excellent range of sports
  • Competitive odds
  • Live streaming is available
99/100
Rating
Credit Card
Virginia (US) Lottery Board
100% up to
$1250
Caesars Sports Bonus
100% up to $1250
Caesars Review
***** Visit Site
Highlights
  • Full Caesar promo
  • Great value deal
  • Awesome sportsbook bonus
98/100
Rating
Credit Card
Virginia (US) Lottery Board
100% up to
$1000
BetMGM Sports Bonus
100% up to $1000
BetMGM Review
***** Visit Site
Highlights
  • Hundreds of betting markets for major events
  • Live streaming offered
  • Competitive odds
97/100
Rating
Credit Card
Virginia (US) Lottery Board
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
FanDuel Sports Bonus
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
FanDuel Review
***** Visit Site
Highlights
  • Extensive range of sports
  • Competitive odds
  • Speedy sportsbook platform
97/100
Rating
Credit Card
Virginia (US) Lottery Board
Bet $100 Get $100
+ Bet $10 Get $10 Casino Bonus
WynnBET Sports Bonus
Bet $100 Get $100
WynnBET Review
***** Visit Site
Highlights
  • Multi-sport parlay bonuses
  • Action-packed live bets
  • NFL-approved online sportsbook

How to make money with sports betting FAQ

💰 What's the fastest way to win money from sports betting?

While there is no 100% guaranteed winning strategy, there is a betting system that's based on math and probability – and we can't wait to share it with you. When you practice patience and discipline, this system can actually be incredibly lucrative in the long run. Follow these simple steps and you can be well on your way to gaining an edge over the house. Learn these essential tips to help you make money with sports betting and get to know the dos and don'ts.

✅ Can I learn how to make money with sports betting?

Do you want to learn exactly how to make money with sports betting? If you're serious about making profits from sports betting, you don't want to miss this. The sportsbooks certainly don't want us to let you in on this information, but we're here to help you level up your game!

🏆 Is it possible to make money betting on sports?

When it comes to ways to make money betting on sports, there is a system that you can follow to be in with a good chance of winning in the long run. Even though there is no foolproof way to win, we share the secrets that the sportsbooks don't want you to hear! While traditional speculation-based tips keep you looking in the wrong direction, we give you the facts based on probability so that you can actually gain an edge over the sportsbook.

Move to Top
Close
×
Your Bonus Code:
The bonus offer was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site